EURUSD is technically bullish(price is above the 1D 200MA) and ranging between 1,079-1,088, higher level was rejected 3x. So it is hard to say if the price will go up or down. Personally I prefer to SELL but it is important to understand the entry conditions. Actually I prefer to SELL, so this is a countertrade.
Entry conditions for: SELL are met if ANY OF 30MIN CANDLE CLOSES BELOW entry line located at 1,07772. This is the safest entry. If you FOMO and enter right now (because of better price) then you will most likely loose your money, because price can be rejected by 4H 50MA above RED horizontal support located at 1,07916. SL zone is above 4H 20MA. Don´t set fix SL. Cutloss if any of 15M candles CLOSES above the SL zone.
Alternative Entry for buy: You can also buy if any of candles CLOSES above the 1H 20 and 50 MA (located at same level actually) it means above 1,0818 and in this case target 1,088. Cutloss your trade if any of 15M candle closes below 1,079.
You can see I´m using different cutloss and entry conditions for SELL and BUY. This is not because I´m inconsistent, but because of risk. I´m measuring this risk and trying to lower it to the lowest level. I´m trying to earn you some money, but also save your money if possible.
I´m not a signal service, I´m not a PRO, but I do trading for living. All published ideas are traded by me. So, I ´m not a signal service or signal factory sharing 20 ideas(from which 50% are successful, because of probability) per day without risk of trade them. However I have group, it is more for teaching how to trade my system than for signals. If you wish to trade this, please check my last few ideas(last 5 published 100% success) to know if you wish or not to trade.
If you decided to trade I wish you good luck, nice money and trade safely.
Entry conditions for: SELL are met if ANY OF 30MIN CANDLE CLOSES BELOW entry line located at 1,07772. This is the safest entry. If you FOMO and enter right now (because of better price) then you will most likely loose your money, because price can be rejected by 4H 50MA above RED horizontal support located at 1,07916. SL zone is above 4H 20MA. Don´t set fix SL. Cutloss if any of 15M candles CLOSES above the SL zone.
Alternative Entry for buy: You can also buy if any of candles CLOSES above the 1H 20 and 50 MA (located at same level actually) it means above 1,0818 and in this case target 1,088. Cutloss your trade if any of 15M candle closes below 1,079.
You can see I´m using different cutloss and entry conditions for SELL and BUY. This is not because I´m inconsistent, but because of risk. I´m measuring this risk and trying to lower it to the lowest level. I´m trying to earn you some money, but also save your money if possible.
I´m not a signal service, I´m not a PRO, but I do trading for living. All published ideas are traded by me. So, I ´m not a signal service or signal factory sharing 20 ideas(from which 50% are successful, because of probability) per day without risk of trade them. However I have group, it is more for teaching how to trade my system than for signals. If you wish to trade this, please check my last few ideas(last 5 published 100% success) to know if you wish or not to trade.
If you decided to trade I wish you good luck, nice money and trade safely.
Comment:
ECB president is going to speak in 12 minutes. Don´t FOMO. Wait for right moment to enter.
Free signals, learning, discussion here t.me/+GCvkq1Fz_bUzZDQ0
